[ad_1]
Google has doubled down on its synthetic intelligence (AI) bets by investing one other $2 billion into AI startup Anthropic, based on a brand new report.
Google has already invested $500 million upfront to Anthropic — a rival to ChatGPT creators OpenAI — and can repay the remaining $1.5 billion over time, according to an Oct. 27 report by The Wall Road Journal (WSJ), which cited folks conversant in the matter.
The mega-deal provides to Google’s $550 million funding into Anthropic earlier in 2023.
Google Cloud additionally struck a multiyear take care of Anthropic a number of months in the past price over $3 billion, The WSJ revealed, citing an individual conversant in the matter.
The information follows Amazon’s huge $4 billion investment into Anthropic in September.
$GOOGL Agrees to Make investments $2 Billion in AI Startup Anthropic – WSJ
– Google, Anthropic Deal Displays Continued Tech Big Push Into AI
– Google Funding Follows Amazon’s $4 Billion Funding of Anthropic
– Google Beforehand Invested $550 Million in Anthropic— Kaushik (@BigBullCap) October 27, 2023
Anthropic is utilizing a lot of those investments to coach its AI methods, akin to AI assistant Claude, in hopes that the agency can obtain the following massive breakthrough within the AI business.
On the opposite aspect of the fence is OpenAI, which has acquired over $13 billion in funding from Microsoft alone since 2019 and continues to construct extra superior variations of its personal AI chatbot, ChatGPT. The favored chatbot amassed over 100 million users within the first two months of launching in November 2022, which caught the eye of many enterprise capital companies worldwide trying to put money into the house.
The co-founders of Anthropic, siblings Dario and Daniela Amodei, beforehand labored at OpenAI however left in 2021 following disputes with OpenAI’s CEO Sam Altman over safety implications related to constructing AI methods.
Associated: Universal Music Group sues Anthropic AI over copyright infringement
Earlier than Google and Amazon, Anthropic was bankrolled mainly by former FTX CEO Sam Bankman-Fried, who invested about $530 million in Anthropic in April 2022 — about seven months before FTX collapsed.
Anthropic’s surge in valuation has been viewed as a optimistic signal for FTX collectors within the hopes that they are going to be compensated absolutely from FTX’s chapter case.
As SBF testifies, Google publicizes it is investing one other $2 billion in AI firm Anthropic
FTX invested $500M in Anthropic — earlier than Google and earlier than Amazon. The corporate has now raised $7 billion previously 12 months alone.
FTX’s buyer gap nearer to being shored up pic.twitter.com/bCDAIlL3nK
— Zack Guzmán (@zGuz) October 27, 2023
Journal: AI Eye: Real uses for AI in crypto, Google’s GPT-4 rival, AI edge for bad employees
[ad_2]
Source link
